NORMAN GLOBAL LOGISTICS

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Financial Services Authority approve Norman Global....

Norman Global have been authorised by the Financial Services Authority to provide Goods in Transit

insurance cover. This is a legal requirement from 15th January 2005. According to the British International

Freight Association (BIFA) only about 5% of freight forwarders in the UK have become authorised and only these

companies will be able to offer this important service to their customers. BIFA predicted that there would be an

increase in shipments being carried un-insured and therefore leaving the shipper/consignee open to losses when

cargo is lost or damaged. Unfortunately Shippers and consignees only realise their dilemma when its too late.

Too often assumptions are made that the Carrier will compensate for a loss in full, however this is not the case.

Liability of the carrier in such an event can often only be a fraction of the goods value as it is usually linked to

the weight of the goods only - irrespective of the value. Hence the need for Goods in Transit Cover. Norman

Global will provide Insurance only on written instructions. Full policy information will be provided.